Global Agricultural Implement Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
12 Apr, 2021
The agricultural implement market consists of sales of farm machinery and equipment, and lawn and garden tractor and home lawn and garden equipment by entities (organizations, sole traders or partnerships) that produce agricultural implements, including combines, cotton ginning machinery, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm -type) poultry brooders, feeders and waterers, power lawnmowers, snowblower and throwers (residential-type) tractors and attachments (lawn and garden-type and farm-type).
Global Agricultural Implement Market Size And Drivers:
The global agricultural implement market is expected to grow from $217.34 billion in 2020 to $237.52 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The market is expected to reach $320.39 billion in 2025 at a CAGR of 8%.
The agricultural implement manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global Agricultural Implement Market
Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smart phone. These technologies are known to considerably increase farm output and decrease labor costs.
Global Agricultural Implement Market Segments:
The global agricultural implement market is further segmented based on type, operation, application, capacity and geography.
By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment.
By Operation: Autonomous, Semi-Autonomous, Manual.
By Application: Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro-Processing.
By Capacity: Small, Medium, Large.
Subsegments Covered: Cotton Ginning Machinery, Feed Processing Equipment, Fertilizing Machinery, Haying Machines, Milking Machines, Planting Machines, Plows, Poultry Brooders, Feeders, And Waterers, Combines (i.e., Harvester-Threshers), Other Farm Machinery And Equipment, Push Lawn Mowers, Riding Mowers, Other Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing.
By Geography: The global agricultural implement market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global agricultural implement market, accounting for 32% of the total market.
Read More On The Report For The Global Agricultural Implement Market At:https://www.thebusinessresearchcompany.com/report/agricultural-implement-global-market-report
Agricultural Implement Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides agricultural implement market overviews, analyzes and forecasts market size and growth for the global agricultural implement market, agricultural implement market share, agricultural implement market players, agricultural implement market segments and geographies, agricultural implement market’s leading competitors’ revenues, profiles and market shares. The agricultural implement market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.